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MaxLinear, Inc. MXL R2K

Technology · Semiconductors · United States
https://www.maxlinear.com

MaxLinear, Inc. provides communications systems-on-chip solutions in the United States, Asia, Europe, and internationally. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management. Its products are used in various electronic devices, such as radio transceivers and modems for 4G/5G base-station and backhaul infrastructure; optical transceivers; wi-fi and wireline routers for home networking; broadband modems compliant with data over cable service interface specifications, passive optical fiber standards, and digital subscriber line, as well as power management and interface products. It serves electronics distributors, module makers, original equipment manufacturers, and original design manufacturers through a direct sales force, third-party sales representatives, and a network of distributors. The company has a strategic collaboration with Edgecore Networks Corporation for the development network infrastructure for enterprise and SMB applications. MaxLinear, Inc. has strategic partnership with GCT Semiconductor Holding, Inc. to develop 5G fixed wireless access (FWA) gateways and converged gateways for consumer and enterprise applications. The company was incorporated in 2003 and is headquartered in Carlsbad, California. The company was incorporated in 2003 and is headquartered in Carlsbad, California.

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$92.93
+715.89% 1Y

Market & Price

Market Cap
$8.32B
Current Price
$92.93
High / Low (52W)
$102.27 / $11.39
Beta
3.96

Valuation

Stock P/E
-
Industry PE
32.74
Forward P/E
49.55
PEG Ratio
0.39
Book Value
$5.07
Price to Book
18.32
P/S
16.35
EV/EBITDA
-226.71
Dividend Yield
-

Profitability & Returns

ROCE
-21.44%
ROE
-27.89%
ROA
-6.22%
Profit Margin
-25.96%
Op Margin
-12.20%
EPS (Latest Qtr)
$-0.52
EPS (TTM)
$-1.52

Balance Sheet & Liquidity

Debt/Equity
0.33
Quick Ratio
0.69
Current Ratio
1.70
Debt
$151.18M
Total Assets
$796.40M
Current Assets
$248.84M
Working Capital
$62.82M

Ownership

Promoter Holding
5.82%
Chg in Prom Hold
-
FII / Inst Holding
87.44%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$8.41B
Total Revenue (TTM)
$508.90M
EBITDA
$-37.10M
Free Cash Flow
$22.66M
Operating Cash Flow
$22.15M
Shares Outstanding
89.55M
Gross Margin
57.16%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-25.26%
Profit 5Y
-69.77%
Revenue (YoY)
43.00%
Earnings (YoY)
-

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -25.3% CAGR over 5 years.
  • Earnings shrank at -69.8% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MXL MaxLinear, Inc. R2K 92.93 - $8.32B - -21.44% -27.89% -25.26% -69.77%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --------------84.64M82.51M80.02M-62.03M65.22M156.63M-209.36M205.38M229.77M263.93M280.01M285.73M248.44M183.94M135.53M95.27M91.99M--95.93M108.81M126.46M136.44M137.19M
Cost of Revenue -----------------------------------42.10M47.29M54.56M57.88M58.30M
Gross Profit 51.05M55.76M61.17M62.91M55.50M50.40M52.92M51.10M51.84M52.09M62.67M56.33M43.88M45.90M45.08M44.08M41.90M36.62M30.76M32.74M66.21M83.09M111.72M112.54M129.79M154.59M164.35M167.49M140.31M102.87M73.94M49.27M50.19M--53.83M61.52M71.90M78.56M78.88M
Operating Expenses -----------------------------------92.05M80.56M101.93M93.65M95.62M
Operating Income 1.68M-21.70M22.37M10.66M-10.43M-15.79M-10.64M-4.43M-247.00K-12.57M--7.83M-2.97M-3.33M--20.13M-22.77M-34.58M-9.92M2.20M23.79M48.13M39.01M51.95M27.28M-5.94M-17.82M-74.62M-40.82M---38.22M-19.04M-30.02M-15.09M-16.73M
EBITDA ------------------------------------35.35M-16.97M-29.90M-4.62M-5.52M
Interest Expense -----------------------------------2.50M2.51M2.65M2.39M2.20M
Pretax Income ------------------------------------49.00M-30.70M-43.39M-17.80M-18.65M
Tax Provision -----------------------------------711.00K-4.12M2.10M-2.91M26.48M
Net Income 1.58M-8.54M20.68M22.58M9.68M8.35M8.46M10.96M-9.17M-19.45M1.85M-14.42M-13.94M311.00K-4.85M-2.23M-4.71M-8.10M-15.47M-21.81M-36.65M-24.67M3.80M733.00K9.26M33.59M31.97M28.41M9.53M-4.35M-39.83M-72.31M-39.27M---49.71M-26.59M-45.48M-14.90M-45.14M
Diluted EPS 0.03-0.140.310.330.140.120.120.16-0.14-0.290.03-0.21-0.200.00-0.07-0.03-0.07-0.11-0.21-0.30-0.50-0.330.050.010.120.420.400.350.12-0.05-0.49-0.88-0.47---0.58-0.31-0.52-0.17-0.52

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------385.00M317.18M478.60M-1.12B693.26M360.53M467.64M
Cost of Revenue -------------470.48M307.60M165.75M201.83M
Gross Profit 34.30M47.14M45.25M60.65M72.96M81.96M155.42M229.99M207.96M208.77M167.69M212.80M-649.77M385.66M194.78M265.81M
Operating Expenses -------------464.45M401.66M363.52M368.18M
Operating Income 4.59M3.50M-15.13M-13.07M-12.35M-8.86M-43.65M63.06M-21.67M-19.10M-22.06M-101.14M-185.32M-16.00M-168.74M-102.36M
EBITDA -------------264.70M18.41M-173.70M-86.85M
Interest Expense -------------9.77M10.70M10.87M10.06M
Pretax Income -------------174.20M-63.81M-238.72M-140.89M
Tax Provision -------------49.16M9.34M6.48M-4.21M
Net Income 4.33M10.11M-22.02M-13.25M-12.73M-7.04M-42.33M61.29M-9.19M-26.20M-19.90M-98.59M-125.04M-73.15M-245.20M-136.68M
Diluted EPS 0.060.30-0.68-0.40-0.37-0.19-0.790.91-0.14-0.38-0.28-1.35-1.55-0.91-2.93-1.58

Compounded Sales Growth

5 Years:-25.26%
1 Year:43.00%

Compounded Profit Growth

5 Years:-69.77%
1 Year:-

Stock Price Performance

1 Year:+715.89%
6 Months:+501.10%
3 Months:+433.16%
1 Month:+37.63%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --118.92M112.38M110.60M124.93M135.71M334.50M422.65M824.86M743.59M705.79M1.02B-1.18B1.08B864.64M796.40M
Current Assets --------------563.12M488.02M323.44M248.84M
Cash & Equivalents 7.92M17.92M21.56M28.03M21.81M26.45M20.70M67.96M81.09M71.87M73.14M92.71M148.90M-187.35M187.29M118.58M72.81M
Inventory --------------160.54M99.91M90.34M78.10M
Receivables --------------170.97M170.62M85.46M46.12M
Total Liabilities -------71.58M70.23M437.44M343.66M290.87M631.33M-503.64M393.99M348.36M344.50M
Current Liabilities --13.75M18.49M29.57M37.16M33.25M55.83M54.54M76.39M75.33M66.56M233.66M-341.09M222.13M182.28M186.02M
Long Term Debt --------0347.61M255.76M206.91M363.59M-121.76M122.38M123.00M123.62M
Total Debt --------------155.60M157.75M149.36M145.03M
Total Equity -25.36M-19.48M104.90M93.03M80.23M86.67M99.10M262.92M352.42M387.42M399.94M414.92M391.12M-676.38M686.26M516.28M451.89M
Shares Outstanding --------------78.75M81.82M84.61M86.45M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 9.86M4.84M-7.11M7.54M12.89M12.23M55.04M117.32M75.06M102.69M78.35M73.59M-388.73M43.37M-45.30M19.62M
Investing Cash Flow 391.00K-78.38M10.82M-4.19M-9.54M-17.47M-11.06M-101.31M-432.15M-7.83M-6.97M-175.29M--91.76M-15.94M-23.45M-19.80M
Financing Cash Flow -250.00K77.17M2.73M-9.58M1.27M-506.00K4.00M-670.00K347.02M-93.78M-53.38M159.65M--240.40M-26.36M1.29M-18.66M
Capital Expenditure -1.41M-2.96M-2.96M-5.05M-3.16M-8.80M-3.00M-8.51M-7.47M-7.83M-6.89M-12.49M--52.44M-19.81M-23.45M-19.80M
Free Cash Flow 8.45M1.88M-10.07M2.49M9.73M3.43M52.05M108.81M67.60M94.86M71.46M61.11M-336.29M23.56M-68.74M-176.00K
Net Change in Cash -------------56.56M1.08M-67.45M-18.84M
Share Buybacks --012.08M00101.00K3.00K334.00K00023.55M31.51M0020.00M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------54.2%52.9%44.5%-58.0%55.6%54.0%56.8%
Operating Margin % ----------5.0%-7.0%-21.1%-16.5%-2.3%-46.8%-21.9%
Net Margin % ----------6.8%-6.3%-20.6%-11.2%-10.6%-68.0%-29.2%
ROE % -22.2%9.6%-23.7%-16.5%-14.7%-7.1%-16.1%17.4%-2.4%-6.6%-4.8%-25.2%-18.5%-10.7%-47.5%-30.2%
ROCE % -3.3%-16.1%-16.1%-14.1%-8.6%-15.7%17.1%-2.9%-2.9%-3.5%-12.8%-22.1%-1.9%-24.7%-16.8%

Shareholding Pattern

Insiders
5.82%
Institutions
87.44%
Public Float
92.85%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 22.93% 13.40M $1.25B
2 Vanguard Portfolio Management LLC 15.68% 9.16M $851.54M
3 FMR, LLC 9.00% 5.26M $489.06M
4 State Street Corporation 8.67% 5.07M $470.93M
5 Vanguard Capital Management LLC 6.25% 3.66M $339.67M
6 Manufacturers Life Insurance Co. 5.13% 3.00M $278.53M
7 Invesco Ltd. 4.28% 2.50M $232.65M
8 Marshall Wace LLP 3.77% 2.20M $204.70M
9 Geode Capital Management, LLC 3.55% 2.08M $193.06M
10 Dimensional Fund Advisors LP 2.89% 1.69M $157.02M

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